Foreign Policy Watch: India-Middle East

India-UAE agreement for $75 billion investment in NIIF gets clearance

  1. News: Cabinet has given its ex-post facto approval for a MoU between India and the UAE
  2. Context: MoU was signed in February during Prime Minister Narendra Modi’s visit to UAE
  3. Objective: To mobilise up to $75 billion long-term investment in the National Investment and Infrastructure Fund (NIIF)
  4. Will help establish a transparent and high-level framework and collaboration platform
  5. Under which countries intend to explore ways to facilitate and expand the participation of UAE’s investment institutions in appropriate infra projects in India
  1. News: Cabinet has given its ex-post facto approval for a MoU between India and the UAE
  2. Context: MoU was signed in February during Prime Minister Narendra Modi’s visit to UAE
  3. Objective: To mobilise up to $75 billion long-term investment in the National Investment and Infrastructure Fund (NIIF)
  4. Will help establish a transparent and high-level framework and collaboration platform
  5. Under which countries intend to explore ways to facilitate and expand the participation of UAE’s investment institutions in appropriate infra projects in India
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